February 1992 (Revised July 1992)
Background Note
HBS Case Collection

Note on Cross-Border Valuation

By: W. Carl Kester and Julia Morley

Format:Print
| Pages:24

Abstract

Provides a fundamental technical review of valuation techniques used to assess cross-border investments. Discusses the discounting of free cash flows with a weighted average cost of capital, the use of adjusted present value, and the importance of considering real options. Special concerns such as foreign-exchange risk, country risks, and so forth are also discussed.

Keywords

Valuation; Cross-Cultural and Cross-Border Issues

Citation

Kester, W. Carl, and Julia Morley. "Note on Cross-Border Valuation." Harvard Business School Background Note 292-084, February 1992. (Revised July 1992.)

About The Author

W. Carl Kester

Finance

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